Short Interest in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Rises By 23.1%

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 41,000 shares, a growth of 23.1% from the February 28th total of 33,300 shares. Based on an average daily volume of 214,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

JPMorgan U.S. Tech Leaders ETF Trading Down 5.7 %

NASDAQ:JTEK traded down $3.93 during trading hours on Thursday, reaching $64.81. 327,915 shares of the company were exchanged, compared to its average volume of 228,062. The firm has a market cap of $906.04 million, a PE ratio of 34.27 and a beta of 1.82. JPMorgan U.S. Tech Leaders ETF has a twelve month low of $55.66 and a twelve month high of $85.28. The stock’s 50-day moving average is $76.36 and its 200-day moving average is $74.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 22.7% during the third quarter. HighTower Advisors LLC now owns 18,282 shares of the company’s stock valued at $1,254,000 after acquiring an additional 3,387 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 3rd quarter worth approximately $193,000. World Investment Advisors LLC purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 3rd quarter valued at approximately $251,000. JPMorgan Chase & Co. grew its position in JPMorgan U.S. Tech Leaders ETF by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 3,973,820 shares of the company’s stock worth $272,882,000 after acquiring an additional 404,942 shares during the period. Finally, Cooper Financial Group acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth about $322,000.

JPMorgan U.S. Tech Leaders ETF Company Profile

The JPMorgan U.S. Tech Leaders ETF JPMorgan U.S. Tech Leaders ETF (JTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that identifies US equities that are perceived as leaders in technology and technology-enabled industries such as engineering & construction, entertainment, biotechnology, pharmaceuticals, REITs, and energy-alternate sources.